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Chevron buys Hess for $53 billion, 2nd megadeal in the oil patch this month as energy prices soar

Published Wed, 26 Feb 2025 01:29:54 GMT

By MICHELLE CHAPMAN (AP Business Writer)Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.Crude prices rose sharply in early 2022 with Russia’s invasion of Ukraine and are hovering around $90 per barrel after ticking another 9% higher this year. That has made big drillers cash rich and they are looking for places to invest. The Chevron-Hess deal comes less than two weeks after Exxon Mobil said that it would acquire Pioneer Natural Resources for about $60 billion. Upward pressure on oil prices are being applied from a number of fronts including the war in Ukraine. Oil markets are being stretched by cutbacks in oil production from Saudi Arabia and Russia, and now, a war between Israel and Hamas runs the risk of igniting a broader conflict in the Middle East. While attacks on Israel do not disrupt global oil supply, according to an analysis by ...

Brooklyn Org’s rebrand ditches ‘foundation’ from its name for being ‘old’ and ‘controlling’

Published Wed, 26 Feb 2025 01:29:54 GMT

NEW YORK (AP) — To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org.Jocelynne Rainey, who took over as president of the 14-year-old grantmaker two years ago, said the name change is meant to convey that the foundation serves the residents of Brooklyn and highlights the expertise of its people, instead of suggesting a “top-down” approach sometimes taken by grantmakers.“There is nothing wrong with the word ‘foundation,’” she said. “But there’s a perception that we’re hearing from the next generation of givers that ‘foundation’ feels a little old and a little controlling.”Rainey’s goal is to attract new donors and make the grantmaker — which awards about $12 million each year to a range of causes, including justice reform, housing, and health — as recognizable as the Brooklyn Museum or the Brooklyn Academy of Music.To complete the name change, Brooklyn Org purchased t...

What to know about the St. Lawrence Seaway strike

Published Wed, 26 Feb 2025 01:29:54 GMT

MONTREAL — The St. Lawrence Seaway has shut down as hundreds of workers walked off the job Sunday. Here are answers to a few key questions about what’s going on: What is the St. Lawrence Seaway? The St. Lawrence Seaway is a marine shipping route that links the Atlantic Ocean to the Great Lakes through a system of 15 locks between Lake Erie and Montreal. The seaway is co-managed by the St. Lawrence Seaway Management Corp., a not-for-profit established by the Canadian government, and the Great Lakes St. Lawrence Seaway Development Corp., a U.S. federal agency. When combined with the Soo Locks at Sault Ste. Marie, Ont. — managed separately by the U.S. Army Corps of Engineers — the transit system stretches about 3,700 kilometres from Lake Superior to the Atlantic.What is the importance of the route? The full Great Lakes St. Lawrence Seaway system, also known as “Highway H2O,” serves over 100 ports and commercial docks and helps Canada’s Prairie provinces and th...

MUST-WATCH: Uploading love into heaven

Published Wed, 26 Feb 2025 01:29:54 GMT

The third season of a romcom set in the afterlife has entered the MUST-WATCH! But will it enjoy the luxury of the top spot, or could it go to a new comedy about old dads learning how to raise their kids? Perhaps a documentary about one of the most famous authors in the English language? You’ll have to keep reading to find out!Upload (Season 3)Where to watch: Prime VideoFirst up, let’s return to the afterlife!Upload is a sitcom starring Robbie Amell (from the Babysitter) and Andy Allo (from Pitch Perfect 3) as a dead guy in a cybernetic afterlife and his living handler respectively. When we last left them, the two had decided to enter into a relationship despite the fact that one is alive and the other is dead. Things get complicated for then when a back-up clone of him arrives in the afterlife. This show also stars Allegra Edwards (from Briarpatch), Andrea Rosen (from Take Me To Your Mother), and Kevin Bigly (from Sirens).You can watch this new season on Prime Video now!...

40 years after Beirut’s deadly Marines bombing, US troops again deploying east of the Mediterranean

Published Wed, 26 Feb 2025 01:29:54 GMT

BEIRUT (AP) — Forty years after one of the deadliest attacks against U.S. troops in the Middle East, some warn that Washington could be sliding toward a new conflict in the region.On Oct. 23, 1983, a suicide bomber hit an American military barracks at Beirut International Airport, killing 241 U.S. service members, most of them Marines – still the deadliest attack on Marines since the World War II Battle of Iwo Jima. A near-simultaneous attack on French forces killed 58 paratroopers.Washington blames the bombings on the Lebanese militant group Hezbollah, a claim the Iranian-backed Hezbollah denies. The U.S. and French forces were in Beirut as part of a multinational force deployed amid Israel’s 1982 invasion of Lebanon. The force oversaw the withdrawal of Palestinian fighters from Beirut and stayed afterward to help a Western-backed government at the time. The bombing prompted a U.S. withdrawal from Lebanon.The United States is now deploying forces again in the region in connection t...

Fraser says more housing measures are coming in fall budget update

Published Wed, 26 Feb 2025 01:29:54 GMT

OTTAWA — Housing Minister Sean Fraser says the federal government will reveal more housing measures in the fall budget update and in the coming months.In a news conference this morning, Fraser outlined some of the measures that are expected, including tying federal infrastructure spending to housing outcomes in local communities. He also says there will be more policies geared toward increasing the stock of social housing, and increasing workers’ skills and innovation in the construction industry. Finance Minister Chrystia Freeland has not announced the date for this year’s fall economic statement yet but it is expected in the coming weeks. The federal government is under pressure to address the housing crisis and has created policies aimed at building more housing, including removing the GST on purpose-built rentals and unlocking more low-cost financing for home construction. It has also reached deals with municipalities in recent weeks as part of the housing accelerato...

Nashville police chief has spent a career mentoring youths but couldn’t keep his son from trouble

Published Wed, 26 Feb 2025 01:29:54 GMT

NASHVILLE, Tenn. (AP) — Nashville Police Chief John Drake has spent much of his career trying to steer young people away from crime. Inspired by mentors who helped him as a young man, Drake has tried to pay it forward. But sadly, he was unable to keep his own son out of trouble. John C. Drake Jr., 38, stands accused of shooting two police officers outside of a Dollar General store in the nearby city of La Vergne on Saturday afternoon. He was still the subject of a manhunt on Monday, and police said they consider him to be armed and dangerous. Officers Ashely Boleyjack and Gregory Kern were investigating a stolen vehicle outside the store when they struggled with the suspect, who pulled a handgun and shot them, said La Vergne Police Chief Christopher Moews. Both officers were treated and released from Vanderbilt University Medical Center. Chief Drake issued a statement Saturday confirming his son was the suspect in the shooting. Drake said he was estranged from his son and had only m...

Two weeks ago she was thriving. Now, a middle-class mom in Gaza struggles to survive

Published Wed, 26 Feb 2025 01:29:54 GMT

KHAN YOUNIS, Gaza Strip (AP) — Yousra Abu Sharekh’s days begin in the southern Gaza Strip often after sleepless nights amid blaring ambulance sirens and the clamor of neighbors in the brief pause between relentless Israeli airstrikes.By daybreak, the 33-year-old mother is on the hunt for bread, lining up for hours at bakeries to buy one bag to feed her two children. Without electricity, disconnected from her relatives and terrified by the sounds of warplanes overhead, she rushes in the afternoon to see her sick mother at a crowded U.N. shelter 20 minutes away.There, she finally can charge her phone and check on her 66-year-old father who stubbornly stayed behind in their northern Gaza City home, refusing to heed Israeli evacuation orders.Only two weeks ago, Abu Sharekh had a thriving life, working enthusiastically at a coveted new job and caring for her family. “I feel either we were dreaming then or we are in a nightmare now,” she said. “Everyone was making plans, enjoying their li...

Imprisoned Kremlin foe Navalny refuses to leave his cell and skips a court hearing as a protest

Published Wed, 26 Feb 2025 01:29:54 GMT

MOSCOW (AP) — Imprisoned Russian opposition leader Alexei Navalny on Monday refused to leave his cell and skipped a court hearing, protesting after prison officials took away all of his writing supplies, his allies said. Navalny, who is serving a 19-year prison term, was due to participate in a court hearing via video link on Monday on one of many lawsuits he had filed against his prison. His ally Ivan Zhdanov said the politician refused to leave his cell after prison officials took away all of his writing supplies. After that, “security operatives in helmets entered the cell and, using force, dragged him to the investigator,” Zhdanov said, as the politician was also expected to attend unspecified “investigative procedures,” He didn’t clarify why Navalny’s supplies were taken away and didn’t say whether he was then returned to his cell. Russia’s independent news site Mediazona reported that after Navalny’s refusal to appear, the court hearing was ...

Book Review: ‘America Fantastica’ entertaining journey that looks at consequences of lies

Published Wed, 26 Feb 2025 01:29:54 GMT

The premise of “America Fantastica,” the latest work by novelist Tim O’Brien, feels like the standard plot for a crime caper. A JCPenney employee in a small California town walks into a bank to rob it and goes on the run with $81,000 on hand and the teller who’s been flirting with him.But O’Brien is no standard novelist, and “America Fantastica” is anything but a standard novel. O’Brien’s first book in two decades is a funny and sad satire that explores the consequences of misinformation on society.The protagonist of O’Brien’s novel, Boyd Halverson, is the disgraced former reporter and JCPenney employee who strolls into a bank with a gun and a note seeking $300,000 in cash. He walks out with a much smaller amount and Angie Bing, the teller who becomes his somewhat reluctant partner in crime during Halverson’s quest to confront his father-in-law.They encounter along the way Bing’s boyfriend, Halverson’s ex-wife and a odd ass...